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Investor Presentaiton

Ireland: "A"grade from all major credit rating agencies Rating Agency Long-term Short-term Outlook/Trend Date of last change Standard & Poor's A+ A-1 Stable June 2015 Fitch Ratings A F1 Stable Feb. 2016 Moody's A3 P-2 Positive May 2016 DBRS A(high) R-1 (middle) Stable Mar. 2016 R&I Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency A a-1 Stable Jan. 2017 7

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